New York based insurer Adirondack Insurance Exchange (AIE) and its affiliate Mountain Valley Indemnity Co. (Mountain Valley) have reported financial trouble. They have advised policyholders to seek replacement coverage immediately.…
[This post was updated on July 31st to clarify that The Allstate Corp. does not own Adirondack Insurance Exchange.] As we previously reported, on May 28th the financial strength rating of…
Adirondack Insurance Exchange, an insurance carrier writing personal lines coverages only in New York, has lost its financial stability rating (FSR) from Demotech. The carrier announced the May 28 action to its agents…